The AUD/USD pair has successfully surpassed the 0.6840 level, consolidating its position above it and signaling a continuation of the upward momentum in the intraday and short-term scenarios. It is crucial to note that our next target is set at 0.6925.
The ongoing bullish wave is substantiated by the support provided by the EMA50, reinforcing the positive outlook. It’s important to emphasize that a breach below 0.6835 would interrupt the anticipated rise, potentially leading the price to test the 0.6780 areas before any renewed attempt at an upward movement.
In today’s trading, the projected range is anticipated to fluctuate between the support level at 0.6810 and the resistance level at 0.6910.
Expected Trend for Today: Bullish